India approves major energy storage and critical minerals schemes

On November 4, the Indian Union Cabinet approved two major initiatives with a combined financial outlay of over 1.8 million dollars to scale up grid storage and build domestic critical mineral processing capabilities.

The proposed energy storage capacity will comprise 30 gigawatt-hours of battery storage, 60 gigawatt-hours of pumped storage and 2 gigawatt-hours dedicated to emerging energy storage technologies. The initiatives also cover 24 identified critical minerals, supporting the creation of domestic refining and processing plants including two lithium processing plants and two nickel processing plants.